Segment information

3 Months Ended

Apr. 29, 2017

Segment Reporting [Abstract]

Segment information

Segment information

Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker utilizes sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. Signet’s sales are derived from the retailing of jewelry, watches, other products and services as generated through the management of its five reportable segments: the Sterling Jewelers division, the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments, the UK Jewelry division and Other.

The Sterling Jewelers division operates in all 50 US states. Its stores operate nationally in malls and off-mall locations principally as Kay (Kay Jewelers and Kay Jewelers Outlet) and Jared (Jared The Galleria Of Jewelry and Jared Vault). The division also operates a variety of mall-based regional brands.

The Zale division operates jewelry stores (Zale Jewelry) and kiosks (Piercing Pagoda), located primarily in shopping malls throughout the US, Canada and Puerto Rico. Zale Jewelry includes the US store brand Zales (Zales Jewelers and Zales Outlet), which operates in all 50 US states, and the Canadian store brand Peoples Jewellers, which operates in nine provinces. The division also operates the Gordon’s Jewelers and Mappins regional brands. Piercing Pagoda operates through mall-based kiosks.

The UK Jewelry division operates stores in the UK, Republic of Ireland and Channel Islands. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally as H.Samuel and Ernest Jones.

The Other reportable segment consists of all non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones, that are below the quantifiable threshold for separate disclosure as a reportable segment and unallocated corporate administrative functions.

	13 weeks ended
(in millions)	April 29, 2017			April 30, 2016
Sales:
Sterling Jewelers	$	871.0		$	980.4
Zale Jewelry	333.7			381.4
Piercing Pagoda	69.7			69.0
UK Jewelry	122.5			144.0
Other	6.5			4.1
Total sales	$	1,403.4		$	1,578.9
Operating income:
Sterling Jewelers	$	129.5		$	198.3
Zale Jewelry	2.1			18.3
Piercing Pagoda	3.2			7.8
UK Jewelry	(2.5		)	1.3
Other	(17.0		)	(13.7		)
Total operating income	$	115.3		$	212.0

(in millions)	April 29, 2017		January 28, 2017		April 30, 2016
Total assets:
Sterling Jewelers	$	3,891.6	$	4,015.4	$	3,756.6
Zale Jewelry	1,926.8		1,940.7		1,974.9
Piercing Pagoda	143.4		141.6		139.1
UK Jewelry	394.3		372.6		447.8
Other	109.1		127.5		109.3
Total assets	$	6,465.2	$	6,597.8	$	6,427.7